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Economy
Experts Bump Up 2021 Global GDP Forecasts on Recovery Hopes
March 19, 2021 01:15 AM EDT| By Daminintinued government support seems necessary to drive economic recovery in the period ahead. The continuing rollout of COVID-19 vaccines worldwide to contain the spread of the pandemic has emerged as a shot in the arm for the global economy. The...
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The Economic Corner
March 18, 2021 09:30 AM EDT| By Team Kalkine MediaSource: vwhiteMocca, Shutterstock Welcome to the Economic Corner – where we update you on all the biggest global economic announcements. The Fed upgraded US growth forecast and signalled that the interest rates will be kept close to zero unti...
Biggest Global Economic Updates
March 18, 2021 01:33 AM EDT| By Team Kalkine MediaSource: Sittipong Phokawattana ,Shutterstock Welcome to the Economic Corner – where we update you on all the biggest global economic announcements. US Federal Reserve meeting on 17 March was one that was closely watched by the world. The...
Top 5 developments from Australia and world
March 17, 2021 11:06 PM EDT| By AshishSource: Tendo, Shutterstock Summary Fed Chair Jerome Powell said that it was too early to discuss tapering off measures to support the struggling economy. Australia’s unemployment decreased by 70,000 people in February. The unemploy...
Canada’s Consumer Inflation Rises 1.1% YoY In February
March 17, 2021 11:16 AM EDT| By AnujSource: ivosar, Shutterstock The Canadian Consumer Price Index (CPI) surged higher in February on mounting petroleum prices, though it marginally missed analyst expectations. The inflation rate soared as much as 1.1 per cent year-over-year (YoY), a...
Super Richest 1% Now Control 25% Of Canada’s Wealth
March 16, 2021 12:05 PM EDT| By Ipsita SarkarSource: enciktepstudio, Shutterstock The fact that income inequality has been rising over the last couple of decades is not exactly new. But income inequality reaching an all-time high due to the pandemic-induced global economic slump is worth taki...
A Year Of Pandemic: How Canada Survived COVID In 2020
March 12, 2021 12:29 PM EST| By Shreya BiswasSource: Andrii Vodolazhskyi, Shutterstock While Canadians were celebrating Christmas parties with friends and family or traveling to warmer locales for the winter holidays of December 2019, a novel coronavirus was rearing its head in China’s W...
Canada’s Job Market Bounces Back In February
March 12, 2021 12:24 PM EST| By AnujSource: Pixel-Shot, Shutterstock Canada’s job market boomed in February 2021, propelled by the gradual economic reopening across the country, said national data agency Statistics Canada on Friday, March 12. Employment soared as much as 1.4 per...
Uber Canada Proposes Flexible Work+, Receives Mixed Reaction
March 11, 2021 10:07 AM EST| By Shreya BiswasSource: Siwakorn1933, Shutterstock Summary Uber Technologies reached out to Canada’s provincial governments on Wednesday to bring in regulatory changes that would allow it and other app-based companies to offer benefits to gig workers. U...
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Bank of Canada Leaves Key Rate Unchanged, Cautions On Economic Slack
March 10, 2021 10:42 AM EST| By Shreya Biswaseportedly being unexpectedly robust so far, some experts had projected a change of pace. The country woke up to yet another key interest announcement from Bank of Canada on Wednesday, March 10. Once again, the top lender has decided to stick to...
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Why Canada May Be A Default Benefactor of US Stimulus Plan?
March 10, 2021 01:33 AM EST| By Ipsita SarkarSource: Jirapong Manustrong, Shutterstock Summary US recovery plan to have beneficial spillovers for neighboring economies, including Canada. Canada’s economy to expand at 4.7 per cent this year, says the 37-member OECD. US economy to g...
Here’s Why Uncertainty Looms Over Canadian Businesses
March 09, 2021 06:46 AM EST| By Team Kalkine Mediay 42 per cent businesses bracing themselves for it in the next three months. As the COVID-19 pandemic crisis continues to affect markets and day-to-day business operations, Canadian companies fear that they might not be able to survive this publ...
Know What’s Latest in Global Economic Calendar
March 09, 2021 03:27 AM EST| By DaminiSource: dokurose, Shutterstock Summary The US Senate’s approval of USD 1.9 trillion relief bill has fuelled optimism in the global economy. The latest results of various economic indicators worldwide turned out to be a mixed bag. The on...
Week ahead: Will ECB cap the rising bond yields?
March 08, 2021 05:31 AM EST| By Team Kalkine MediaSource: Freedomz, Shutterstock Summary The decision about rising sovereign bond yields is on the cards as the European Commercial Bank (ECB) meets on Thursday. Experts said if left unchecked, it may reverse the process of economic recovery. T...
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How Bond Yields impact an economy
March 04, 2021 09:29 PM EST| By Team Kalkine MediaSource:husjur02,Shutterstock Summary US 10-year Treasury yield crossed the 1.6% mark and hit a one-year high last week following vaccine rollout and Biden government’s anticipated stimulus package. Bond yields have an impact on the economy...
New GMC Hummer EV’s crabwalk feature set to enrich driving experience
March 03, 2021 11:50 PM EST| By AshishSource:LeStudio,Shutterstock Summary The new all-electric Hummer by General Motors is all set to change the way people drive. In a recent video, the electric vehicle was seen criss-crossing across snow, while performing some adventurous moves...
What Pandemic? Toronto Home Sales Roar, Prices Top C$1 Mn First Time
March 03, 2021 11:00 AM EST| By Ipsita SarkarSource: godshutter, Shutterstock Average home prices in Greater Toronto Area (GTA) topped over C$1 million in February 2021, up 14.9 per cent year-over-year (YoY), informed the Toronto Regional Real Estate Board’s (TRREB) on Wednesday....
German Court Rejects Lawsuit To Review Canada-EU Trade Pact
March 02, 2021 03:39 PM EST| By Ipsita SarkarSource: Number1411,Shutterstock Summary German Federal Court rejects Die Linke’s petition to review participation in CETA. The Canada-EU Trade Agreement came into effect in September 2017. Die Linke claims that the government failed to...
Canada Records Sharpest Real GDP Fall Ever In 2020
March 02, 2021 10:38 AM EST| By Shreya Biswasast quarter. Canada’s nominal GDP fell 4.6 per cent YoY in 2020. Real gross domestic product (GDP) contracted by about 5.4 per cent in Canada last year, which, Statistics Canada noted, was the sharpest yearly decline since GDP figures wer...
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Canada’s Federal Aid Boosts Household Income, Narrows Poor-Rich Gap
March 02, 2021 04:43 AM EST| By Ipsita SarkarNearly 22,000 people have died of COVID in Canada as of March 1, 2021. The income of Canada’s poorest households rose by 36.8 per cent in the first three quarters of 2020 due to massive government spending in COVID-19 relief, the country.....
